KC CHAKRABARTY

  • Will tweak KYC norms if required: RBI Dy Gov Chakrabarty April 23, 2013

    Mumbai: RBI Deputy Governor KC Chakrabarty on Tuesday said the central bank may introduce some corrective measures in KYC norms as an when necessary to check any "transactionlevel aberrations" in the functioning of banks. "System is good, there is no problem. There are... (at the) transactional level, some aberration will always...
  • Licences of lossmaking cooperative banks to be cancelled April 13, 2013

    Varanasi: The Reserve Bank of India will shortly cancel licences of 26 lossmaking cooperative banks, including 16 in Uttar Pradesh, Deputy Governor KC Chakrabarty said. A capital of Rs 2,000 crore is required for running 16 cooperatives banks in the state and RBI may not cancel the licenses of these...
  • Money laundering: RBI gives clean chit to private banks March 21, 2013

    New Delhi: Reserve Bank of India Deputy Governor KC Chakrabarty has given a clean chit to private banks named in the Cobrapost expose on money laundering. The Central bank said there was no systemic issue involved in the Cobrapost allegations. According to Chakrabarty, there were no irregularities in the way the...
  • Interest rates will come down when inflation softens: RBI September 2, 2012

    Ahmedabad: Stating that rising prices should have been controlled faster, RBI Deputy Governor KC Chakrabarty on Saturday said interest rate will be reduced as and when inflation comes down. "As and when inflation rate comes down, interest rates will come down...." he said on the sidelines...
  • Follow regulations or quit: RBI to SBI chief August 27, 2012

    Kancheepuram: A top RBI official on Monday snubbed SBI Chairman Pratip K Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find "some other place" if he could not work as per the central bank's regulatory environment. "...if the SBI Chairman is not...
  • No move to ban banks from selling gold coins: RBI August 1, 2012

    Mumbai: The Reserve Bank is not considering any ban on selling of gold coins as the proportion of such sale by banks is very small, Governor D Subbarao said on Tuesday. "The answer is no! because gold coins themselves are a very small proportion of the total import of gold,"...
  • Interest rates not too high to hurt growth: RBI June 8, 2012

    Mumbai: Interest rates in India are not too high to affect growth, Reserve Bank of India Deputy Governor KC Chakrabarty said on Friday. The country's economy grew 5.3 per cent in the March quarter, its lowest level in nine years. Most economists in a recent Reuters poll expect the central bank to...
  • India's financial system is strong: RBI April 27, 2012

    Hyderabad: A day after global credit rating agency S&P cut India's outlook to 'negative', RBI on Thursday said the country's financial system is strong and sometimes these ratings are discounted by markets. It also said that the Reserve Bank will intervene in the forex market only...
  • India trying to find ways to pay for Iran oil: RBI January 21, 2012

    Mumbai: Reserve Bank of India Deputy Governor KC Chakrabarty on Friday said efforts were being made to explore ways to pay for oil imported from Iran, which has been subjected to international sanctions. Chakrabarty termed the issue as one arising purely out of international sanctions on...